v3.26.1
CONDENSED COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 81 $ 96
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 60 52
Amortization 1 0
Restructuring expense, net of cash paid 20 (2)
Deferred income taxes (7) 4
Pension and other postretirement benefit expenses 12 3
Income from equity method investments, net of dividends received (2) (5)
Loss on sale of assets 1 1
Share-based compensation 8 8
Changes in operating assets and liabilities:    
Inventories (12) (7)
Other assets (10) (4)
Accrued and other long-term liabilities 56 37
Other, net (51) 13
Pension contributions (5) 0
Net cash provided by operating activities 36 40
Cash flows from investing activities:    
Capital expenditures (66) (37)
Net cash used in investing activities (66) (37)
Cash flows from financing activities:    
Proceeds from issuance of senior notes and credit agreement, net of issuance costs 2,063 0
Cash distribution paid to Parent (1,900) 0
Net transfers (to) from Parent (130) 39
Dividend payments of consolidated affiliates to minority shareholders (4) 0
Net cash provided by (used in) financing activities 38 (21)
Effect of exchange rate fluctuations on cash and cash equivalents (2) 4
Increase (decrease) in cash and cash equivalents 6 (14)
Cash and cash equivalents at beginning of the period 276 201
Cash and cash equivalents at end of the period 282 187
Supplemental non-cash investing activities:    
Capital expenditures included in accounts payable 39 27
Nonrelated Party    
Changes in operating assets and liabilities:    
Accounts receivable, net (195) (111)
Accounts payable 37 (37)
Cash flows from financing activities:    
Net proceeds (repayments) under other short-term debt agreements 9 (72)
Related Party    
Changes in operating assets and liabilities:    
Accounts receivable, net 44 (20)
Accounts payable (2) 12
Cash flows from financing activities:    
Net proceeds (repayments) under other short-term debt agreements $ 0 $ 12